๐ $AAVE Rockets Toward $300 After Aptos Expansion!
Aave (AAVE) is on fire, currently trading at $264 as bulls eye the $270 resistance โ and possibly a breakout to $300+!
๐ฅ Whatโs Fueling the Surge?
Aave v3 just went live on the Aptos blockchain, marking a major leap in cross-chain DeFi! This integration, built using the Move programming language, revamps lending, collateral, and liquidations for improved security and efficiency across Aave and Aptos ecosystems.
๐ Massive Trader Interest:
Open Interest (OI) surged 42% to $576M โ clear sign of bullish conviction!
Trading volume exploded by 90% to $1.84B, usually a sign of strong momentum.
Shorts got squeezed! $4.05M in short liquidations vs. only $673K in longs.
๐ Technicals Look Strong:
Price hit a high near $270, now steady at $264.
AAVE rides above its 50-day EMA ($194), 100-day EMA ($197), and 200-day EMA ($200) โ all trending up!
A golden cross is brewing if the 50 EMA crosses above the 200 EMA โ a classic bullish signal that could launch AAVE beyond $300!
โก๏ธ In Summary:
With a successful Aptos rollout, booming trading interest, and bullish chart setups, AAVE is gearing up for liftoff. Watch for a breakout above $270 โ it could be the runway to $300 and beyond!
Stay sharp, traders!
